Dubai Financial Group sold its 11.8 percent stake in Egyptian investment bank EFG-Hermes Holding to France's Natixis under a debt restructuring deal, its parent company said on Sunday.
The sale was "consistent with the bu

Egypt's EFG-Hermes said on Sunday it planned to distribute 1.08 billion Egyptian pounds ($121.62 million) from the sale of a 40-percent stake in Credit Libanais to its shareholders in the form of cash and share buybacks.
Egypt

Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5-2 billion euros ($1.73 billion-$2.3 billion) in the next two years from 730 million currently, said its managing director.
Egypt&

Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5-2 billion euros ($1.73 billion-$2.3 billion) in the next two years from 730 million currently, said its managing director.
Egypt&

Egypt's EFG-Hermes, one of the Middle East's largest investment banks, said on Sunday it had launched a wholly-owned subsidiary, EFG Hermes Leasing, that would start operations immediately.
The firm said in a statement tha

Billionaire Naguib Sawiris' second bid for a stake in Egypt's biggest investment bank EFG Hermes hung in the balance as shareholders agreed to sell just under half of the shares sought.
Sawiris' New Egypt Investment Fu

EFG Hermes, a leading investment bank in the Arab world, has reported a nearly three-fold year-on-year rise in the group net profit after tax and minority interest to EGP119 million on total group operating revenues of EGP 563 million ($16.7 mil

Egyptian bank EFG-Hermes plunged to a net loss of $48 million last year, hit by one-off charges including a writedown in the value of certain investments.
The bank, active both in investment and commercial banking, said yesterday

Egyptian investment bank EFG-Hermes has agreed to sell its 19 percent stake in United Arab Emirates jeweller Damas to Qatar's Mannai Corp for $150 million, a source familiar with the deal said on Wednesday.
Mannai and EFG-Herm

EFG-Hermes, Egypt's biggest investment bank, has reported a net loss of EGP 21 million ($3.08 million) for the fourth quarter compared to a EGP31 million profit in the same quarter a year earlier.
The bank said one-off expense